SOUTH KOREA: Construction start-up on planned $100,000,000 build-operate-transfer (BOT) wind power plant complex is tentatively scheduled to begin next year, GE WIND ENERGY [USA] - Order #: 290304. From: WWP-Business Opportunities in Asia & the Pacific | Date: March 1, 2004 | COPYRIGHT 2004 Worldwide Projects, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group.Copyright information

PROJECT OVERVIEW:

US-based GE WIND ENERGY is reportedly planning to invest $100,000 million to establish a wind power plant complex in the South Korean province of Gangwon. As a result, GE officials are expected to submit their project plans to the Gangwon Province authorities by the end of March, 2004.

According to the terms of the proposal Gangwon Province will grant GE various benefits as well as rent-free land. GE, on the other hand will hand over 10% o...